Small firms lag in sustainability governance despite reporting improvements
Only 67% of smaller firms have a designated sustainability board member or committee.
Smaller companies nearly match larger ones in sustainability reporting processes, according to the Singapore Governance and Transparency Index 2024.
The SGTI classifies smaller companies as having a market capitalisation of up to $1b, whilst larger companies exceed this amount.
Index data showed that small companies progressed in sustainability reporting fundamentals, with 99.8% identifying material topics and 93% explaining their ESG selection processes.
In sustainability governance, large companies are ahead, with 90% appointing a board member or committee to oversee sustainability.
In comparison, only 67% of smaller companies have a designated board member or committee for sustainability.
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